Janus Capital Management LLC increased its stake in shares of Flowers Foods, Inc. (NYSE:FLO) by 123.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,700 shares of the company’s stock after buying an additional 47,400 shares during the period. Janus Capital Management LLC’s holdings in Flowers Foods were worth $1,663,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. increased its stake in shares of Flowers Foods by 58.8% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 5,195 shares of the company’s stock valued at $101,000 after buying an additional 1,923 shares during the last quarter. Ledyard National Bank bought a new stake in shares of Flowers Foods during the first quarter valued at $161,000. Edmp Inc. bought a new stake in shares of Flowers Foods during the first quarter valued at $194,000. Envestnet Asset Management Inc. increased its stake in shares of Flowers Foods by 85.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,131 shares of the company’s stock valued at $202,000 after buying an additional 4,654 shares during the last quarter. Finally, Parametrica Management Ltd bought a new stake in shares of Flowers Foods during the first quarter valued at $229,000. Hedge funds and other institutional investors own 66.52% of the company’s stock.
Shares of Flowers Foods, Inc. (FLO) opened at 17.76 on Thursday. The stock has a market capitalization of $3.72 billion, a PE ratio of 22.51 and a beta of 0.96. Flowers Foods, Inc. has a 52 week low of $14.35 and a 52 week high of $21.00. The company has a 50-day moving average price of $17.78 and a 200 day moving average price of $19.05.
Flowers Foods (NYSE:FLO) last announced its earnings results on Wednesday, May 17th. The company reported $0.25 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.25. Flowers Foods had a return on equity of 15.39% and a net margin of 4.22%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the previous year, the business earned $0.28 EPS. The firm’s revenue for the quarter was down 1.4% on a year-over-year basis. Equities analysts forecast that Flowers Foods, Inc. will post $0.87 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 23rd. Investors of record on Friday, June 9th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 3.83%. This is an increase from Flowers Foods’s previous quarterly dividend of $0.16. The ex-dividend date was Wednesday, June 7th. Flowers Foods’s payout ratio is 87.18%.
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A number of equities analysts recently commented on the company. TheStreet upgraded Flowers Foods from a “c+” rating to a “b-” rating in a report on Thursday, May 18th. Jefferies Group LLC restated a “buy” rating and set a $23.00 target price on shares of Flowers Foods in a report on Friday, May 26th. BidaskClub upgraded Flowers Foods from a “hold” rating to a “buy” rating in a report on Thursday, June 29th. Finally, Zacks Investment Research upgraded Flowers Foods from a “sell” rating to a “hold” rating in a report on Tuesday. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $20.14.
About Flowers Foods
Flowers Foods, Inc is a producer and marketer of packaged bakery products. The Company operates in two segments: direct-store-delivery segment (DSD Segment) and warehouse delivery segment (Warehouse Segment). The DSD segment produces fresh breads, buns, rolls, tortillas and snack cakes sold primarily by a network of independent distributors to retail and foodservice customers in the areas of the United States: East, South, Southwest, California, and select markets in the Midwest, Pacific Northwest, Nevada, and Colorado.
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